The Shenhua Yulin Circular Economy Coal Comprehensive Utilization Project (with an investment of 120 billion) has officially commenced construction

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The Shenhua Yulin Circular Economy Coal Comprehensive Utilization Project (with an investment of 120 billion yuan) officially commenced construction. Author/Source: Date: April 28, 2016. Clicks: 13. On April 19, the first meeting of the project’s steering committee for the first phase of the CTC project, which involves the production of 2 million tons of coal-based methanol per year, was held in the Yushen Industrial Zone. The meeting was chaired by Zhang Jiming, chairman and general manager of Shenhua Coal-to-Oil Chemicals Company. At the meeting, Zhang Jiming read out the notice issued by the Coal-to-Oil Chemicals Company regarding the establishment of a steering committee for the Shenhua Yulin Circular Economy Coal Comprehensive Utilization Project, marking the actual commencement of the CTC project. The CTC project is by far the largest coal chemical project in the world in terms of investment, with a total investment of 120 billion yuan. The first phase, which involves the production of 2 million tons of coal-to-methanol per year, requires an investment of 10 billion yuan and is expected to be completed by the end of 2019. The project is located in the northern area of the Qingshui Coal Chemical Industry Park, within the Yushen Industrial Zone. The Shenhua Yulin Circular Economy Coal Comprehensive Utilization Project was officially approved by the **National Development and Reform Commission on March 16, 2015; it is the largest single coal chemical project approved by the commission during the 13th Five-Year Plan period. The project was officially launched on March 27, 2015, in the Yushen Industrial Zone of Shenmu County. With a total investment of 120 billion yuan, it involves the construction of a coal mine with a production capacity of 13 million tons, a cogeneration plant with an output of 700,000 kilowatts, and 23 chemical processing units. Using coal as raw material, the project will produce 2.1865 million tons of chemical products each year, including more than 10 different types and hundreds of various grades of alcohols, acids, esters, amines, ethers, and other chemicals. It is reported that over 60% of these products are fine chemicals that the country relies on imports for, thereby expanding the processing options and lengthening the product chain, and breaking away from the homogeneous competition among similar projects. It holds great strategic and exemplary significance for ensuring **energy security, addressing economic downturn pressures, promoting the clean, comprehensive, and efficient use of coal, and accelerating the advancement of the energy and chemical industry in northern Shaanxi toward higher levels of sophistication.